“99% of employees are good employees - it’s the 1% that hurts” When we talk about the risk of fraud to a business, it doesn’t always come from hackers or outsiders - it often starts inside the building. Insider attacks can cost companies a lot. In 2024, the average cost of an insider attack was 17.4 million dollars, but there’s also a cost in trust and reputation. In this episode, we’re diving into insider fraud with Marc Evans the founder of Fraud Hero. He’s a Certified Fraud Examiner, law enforcement officer, and a seasoned ally in the battle against fraud, with over a decade of experience investigating fraud and financial crimes.We explore how to build the company culture and the secure internal systems to protect the bottom line without killing trust.Sumsub's website: sumsub.com Sumsub’s What The Fraud Summit: https://sumsub.com/wtf-summit/Sumsub's LinkedIn: linkedin.com/sumsub Sumsub's Facebook: facebook.com/sumsub Sumsub's Instagram: facebook.com/sumsubcom Sumsub's YouTube Channel: youtube.com/@sumsubcom Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniuk Marc Evans on Linkedin: https://www.linkedin.com/in/fraudheromarc Hosted on Acast. See acast.com/privacy for more information.
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51:21
Fraud Risks in Real-Time Payments
“I think from a prevention perspective, a little friction at the beginning is not necessarily a bad thing.” Real-time payments have become the bedrock of modern life. Whether you’re splitting dinner or closing a corporate buyout, money now moves instantly—and irreversibly. But that convenience comes with a new tangle of risks: fraud, liability, and the shrinking window to react.In this episode of What The Fraud?, we sit down with Arthur Bedel—Global Director of Revenue at VGS, fintech advisor, and Co-founder of Connecting the Dots in Payments. He shares where real-time payments are headed, the biggest fraud trends he's seeing globally, and why a bit of friction might just be our best defense.We dive into real-world case studies, regional differences in adoption, and what financial institutions need to do now to stay ahead of the fraud curve.Sumsub's website: sumsub.com Sumsub’s What The Fraud Summit: https://sumsub.link/caj Sumsub's LinkedIn: linkedin.com/sumsub Sumsub's Facebook: facebook.com/sumsub Sumsub's Instagram: facebook.com/sumsubcom Sumsub's YouTube Channel: youtube.com/@sumsubcom Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniuk Arthur Bedel on Linkedin: https://www.linkedin.com/in/arthur-bedel Hosted on Acast. See acast.com/privacy for more information.
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30:53
$20 to Millions: Fraud’s True Cost
“If cybercrime were a country today, it would have the third largest economy on the planet.” Fraud is no longer just a crime - it has become a global business with software at its heart. With Fraud-as-a-Service (FaaS), anyone can access cybercrime tools online, no technical skills required, and at a fraction of the price.In this episode, we’re joined by Brett Johnson, one of the early pioneers in digital fraud. He’s a poacher turned gamekeeper who set up one of the world’s biggest hacking communities—Shadowcrew. After spending time in prison, he now works with businesses across the globe and uses his experience and insight into this world to help keep them safe. We’ll hear about how FaaS transforms cybercrime, what keeps him up at night, and how we can protect ourselves against it. Sumsub's website: sumsub.com Sumsub’s Identity Fraud report 2024/25: https://sumsub.com/guides-reports/identity-fraud-report-2024-2025/ Sumsub's LinkedIn: linkedin.com/sumsub Sumsub's Facebook: facebook.com/sumsub Sumsub's Instagram: facebook.com/sumsubcom Sumsub's YouTube Channel: youtube.com/@sumsubcom Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniuk Brett Johnson on Linkedin: https://www.linkedin.com/in/gollumfun/ Hosted on Acast. See acast.com/privacy for more information.
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49:27
ID Future: Reusable, Secure, Real?
“Governments worldwide are recognizing that paper-based identification just doesn't cut it for a digital-first economy.” Nations across the world are racing to roll out digital identity systems, promising greater convenience, security and efficiency. But with new technology comes new risks. Hackers recently exposed vulnerabilities in Germany’s digital ID system, affecting over 10 million users - and in India, login credentials were leaked on the dark web for just $8.In this episode, we sit down with Daniel Flowe, Head of Digital Identity at the London Stock Exchange Group, and Eddie Moxon-Garcia, Product Marketing Lead at Sumsub, to hear what’s being developed in the digital ID sector, and find out whether there really can be a reusable identity solution that balances privacy, security, and accessibility.Learn more about Sumsub ID: https://sumsub.link/i10Sumsub's website: sumsub.com Sumsub's LinkedIn: linkedin.com/sumsub Sumsub's Facebook: facebook.com/sumsub Sumsub's Instagram: facebook.com/sumsubcom Sumsub's YouTube Channel: youtube.com/@sumsubcom Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniuk Eddie Moxon-Garcia on Linkedin: https://www.linkedin.com/in/eddiemoxongarcia/Daniel Flowe on LinkedIn: https://www.linkedin.com/in/danielflowe/ Hosted on Acast. See acast.com/privacy for more information.
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50:01
Crypto Fraud 2025: How to Stay a Step Ahead
“You’ve got organized hacks, and it's getting harder and harder to know what you're clicking on, if that's real or not.”Crypto is at a tipping point, and while demand is growing, fraud is up 48%, regulations are tightening, and user expectations are shifting.In the past year alone, over $2.2 billion has been lost due to hacks of crypto exchanges. And crypto crime isn’t just happening online—earlier this year, David Balland, co-founder of Ledger, was kidnapped in Paris with a ransom demand.In this episode, Thomas is joined by Erica Stanford, a crypto advisor and best-selling author, to find out how you can protect yourself and stay ahead in this rapidly evolving sector.Sumsub's State of the Crypto Industry 2025 Report: https://sumsub.link/ujj Sumsub's website: sumsub.com Sumsub's LinkedIn: linkedin.com/sumsub Sumsub's Facebook: facebook.com/sumsub Sumsub's Instagram: facebook.com/sumsubcom Sumsub's YouTube Channel: youtube.com/@sumsubcom Thomas Taraniuk on LinkedIn: linkedin.com/in/tomtaraniuk Erica Stanford on LinkedIn: linkedin.com/in/ericastanford/ Hosted on Acast. See acast.com/privacy for more information.
Join Thomas Taraniuk in hosting leading minds from the world of AI, fintech, crypto, iGaming, and more. This podcast dives deep into the most pressing issues surrounding digital fraud in business. Each episode dissects key fraud-related issues that companies—both big and small—face today. From deepfakes and identity theft to money mules and forced verification, What The Fraud? is where digital fraudsters meet their match.This is THE podcast for comprehensive, actionable, and up-to-date information on fraud. Listen in to reveal what you can do to protect yourself and your business.Don't want to miss an episode? Follow the show now.CREDITSFrom Sumsub and ListenPresented by Thomas Taraniuk, SumsubProduced by Aidan Judd, ListenExecutive Producer - Kellie Redmond, ListenExecutive Producer - Mila Varavina, Sumsub Hosted on Acast. See acast.com/privacy for more information.
Ireland